Montz Harcus Wealth Management LLC Sells 20 Shares of Costco Wholesale Co. (NASDAQ:COST)

Montz Harcus Wealth Management LLC lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 329 shares of the retailer’s stock after selling 20 shares during the quarter. Montz Harcus Wealth Management LLC’s holdings in Costco Wholesale were worth $301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the third quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale during the fourth quarter worth about $33,000. Collier Financial bought a new position in Costco Wholesale during the fourth quarter worth about $35,000. Barrett & Company Inc. boosted its position in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter worth about $41,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.6 %

Shares of Costco Wholesale stock opened at $1,065.12 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,067.00. The stock has a market capitalization of $472.81 billion, a price-to-earnings ratio of 62.54, a P/E/G ratio of 6.26 and a beta of 0.84. The company’s 50 day moving average price is $964.53 and its 200-day moving average price is $918.45.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is 27.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Truist Financial increased their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Evercore ISI increased their price target on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. DA Davidson increased their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Loop Capital raised their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Wells Fargo & Company raised their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.